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by 12/28/1999 11:11 AM

Stocks quoted in this article:

COMP

In the last minute of trading, the Nasdaq Composite (COMP - 4001.4) hit the four millennium mark again. In the last two trading days, COMP4K served as intraday resistance. A significant move above this level would be very encouraging.
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by 12/28/1999 10:21 AM

Stocks quoted in this article:

Consumer confidence figures for the month of December were released at 10:00 a.m. The index rose to 141.4 marking the highest reading in the index since 1968. Consumer confidence for the month of November checked in at 137. The news has been well received in the market thus far. The Nasdaq Composite (COMP - 3970.7) reversed higher at 10:00 a.m. and has since tacked on about 30 points from its intraday low.
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by 12/28/1999 10:19 AM

Stocks quoted in this article:

US/H0

The March Treasury Bond futures contract (US/H0 -91-2/32) is moving modestly lower following the 10:00 am EST existing home sales report. The expectations for a 4.4-percent rise were more than met by the 6.0-percent rise for November existing home sales. This marks the first increase in the past four months, as the Fed rate hikes kept buyers on the sidelines. Home buyers may have been lured in by the dip in the yield on the 30-year Treasury to just under six percent in mid-November. This buying spree depleted the inventory of homes to the lowest level in five years. The US/H0 has been unable to retake its 10-day moving average and has been hovering near contract lows of 90-23/32 for the past week.<
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by 12/28/1999 10:06 AM

Stocks quoted in this article:

With the Russell 2000 Index (RUT - 483.09) lagging the big cap and technology indices by a wide margin, the RUT is only now making a running start at its April 1998 all-time high of 492.28. The index waffled around at this level in March and April 1998 before beginning its retreat. With a year and a half between visits to the 492.28 level, technicians will be watching this level closely. From our perspective, the fanfare associated with any move into new highs by the RUT will be more telling of its sustainability than simply overtaking this level. Many pundits have been calling for the small stocks to shine over the last few years, and a move into new highs without a resurgence in the small-stock cheering section would be a bullish development.
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by 12/28/1999 10:04 AM

Stocks quoted in this article:

CYCL

What is a stock split worth? Well that depends on your liquidity, as Centennial Cellular (CYCL - 107-13/16) investors are finding out today. This thinly traded stock has virtually non-existent volume of a few thousand shares per day. However, a three-for-one stock split announcement has sent investors scrambling for shares, and the stock is higher by more than 40 points on 463,000 volume in early trading. <
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